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PEC posts net income of $9.21 million in H1 2023

2023-08-15

According to the financial statements of Palestine Electric Company PEC for the first half of 2023, Net profit after tax of the period reached 9,205,412 USD Compared with Net profit after tax 6,746,303 USD for 2022, a net increase in profit of 36.45%.Total assets of the company reached 141,910,064 USD compared with total assets of 130,458,113 USD at the end of year 2022, a net increase of 8.78%.Total liabilities of the company reached 37,479,517 USD compared with total liabilities of 23,232,978 USD at the end of year 2022, a net increase of 61.32%. Net ownership equity of the company reached 104,430,547 USD compared with total owner equity of 107,225,135 USD at the end of year 2022, a net decrease of 2.61%.